Middle East conflict: Trade tensions rise as oil jumps and tariffs shake markets
Several ports suspended operations in the Middle East after drone strikes. DP World said operations at Jebel Ali port in Dubai, one of the world's busiest container ports, had been suspended due to a fire after "aerial interception," he adds.
Iran asserts peaceful nuclear agenda amid western concerns
Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs, on Friday in response to a joint statement from the United States and three European countries. In a press release on Friday, Kanani suggested that these countries should reconsider their...Iran executes 4 on charges of spying for Israel, says judiciary
Iran hanged four people convicted of spying for arch foe Israel, the judiciary said, less than two weeks executing a man on similar grounds. "Four members of a sabotage group related to the Zionist regime (Israel)... were hanged this morning" in Iran's northwestern province of West Azerbaijan, the judiciary's Mizan...US warship shoots down drone, missile fired by Yemen’s Houthis
Houthis have repeatedly targeted vessels in the vital Red Sea shipping lane with strikes they say are in support of Palestinians in Gaza, where Israel is battling Hamas. The attacks are endangering a transit route that carries up to 12 percent of global trade, prompting the United States to set...Spanish PM Pedro Sanchez supports Iraq’s sovereignty, stability
"My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq," said Sanchez during a press conference with Iraqi Prime Minister Mohamed Shia al-Sudani. Spain has deployed more than 300 soldiers as part of an international anti-jihadist coalition and NATO's mission in...Gaza death toll tops 21,000 as Israel says war to last ‘many more months’
Israel again pounded Gaza with air strikes and shelling after its military chief warned the war raging with Hamas since the Palestinian group's October 7 attacks will last "many more months". A strike hit a house near Al-Amal hospital in Khan Yunis, killing 22 people and wounding 34, the Gaza...Iraq slams US air strikes on pro-Iran forces as a ’clear hostile act’
"It runs counter to the pursuit of enduring mutual interests in establishing security and stability, and it opposes the declared intention of the American side to enhance relations with Iraq," Baghdad said.Senior Iranian general Razi Moussavi killed in Israeli strike in Syria
Razi Moussavi "was killed during an attack by the Zionist regime a few hours ago in Zeinabiyah district in the suburbs of Damascus," Tehran's official IRNA news agency reported. The general was "active in the field of providing logistical support to the axis of resistance in Syria," IRNA said, referring...US blames Iran for targeting tanker off India coast
It was the first time the Pentagon has accused Iran of directly targeting ships since the start of Israel's war on the fighters group Hamas. The attack came amid a flurry of new drone and missile attacks by Yemen's Houthi rebels on the vital Red Sea shipping lane since the...Yemen warring parties agree to ceasefire: UN envoy
UN special envoy Hans Grundberg's announcement marks the latest step to end the nine-year war that has killed hundreds of thousands of people and triggered one of the world's worst humanitarian crises. It follows recent meetings by Grundberg with head of Yemen's Saudi-backed presidential council and the chief negotiator of...Iran slams UN for its failure to stop Israel-Hamas war in Gaza
Iranian President Ebrahim Raisi slammed the "inefficacy" of international bodies to halt fighting between Israel and Palestinian group Hamas which has ravaged the Gaza Strip. Raisi's remarks came a day after the United Nations Security Council approved a much-delayed resolution demanding aid be allowed into the besieged Hamas-run territory "at...Turkmenistan worried as Caspian Sea continues to shrink
Turkmenbashi, Turkmenistan - On the Caspian Sea coast in Turkmenistan, Batyr Yusupov can no longer ferry his passengers between two ports. There is not enough water."I used to go between Turkmenbashi and Hazar," the 36-year-old ferry worker said of the ports separated by a small gulf on Turkmenistan's coast."But we haven't...Greece to join US-led naval coalition against Houthi rebels
The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain. The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel...Oil prices rise following Red Sea attacks
Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by Yemen's Iran-backed Houthi rebels. US stocks sought to continue last week's rally on expectations the Federal Reserve will cut interest rates next year, though it appears to have lost steam...Iran executes man convicted of spying for Israel: judiciary
According to human rights groups, including Amnesty International, Iran executes more people per year than any other nation except China. In a November report, the Norway-based Iran Human Rights group said the Islamic republic had executed more than 600 people so far this year, marking the highest figure in eight...Iran announces visa exemption for Saudi Arabia, 32 other countries
Tehran, Iran — Iran has waived visa requirements for passport holders from 33 nations, signaling a significant step in opening its doors to global visitors. “The government intends to open the country's doors to the world,” Iranian Minister of Tourism Ezzatollah Zarghami, said on Wednesday as reported by Saudi Gazzete....Saudi, Iran top diplomats discuss bilateral ties, Gaza ceasefire
Tehran, Iran-- Saudi Arabia and Iran's foreign ministers have stressed the need for an immediate ceasefire in Gaza and sending humanitarian aid into the besieged enclave.Iran's Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Faisal bin Farhan discussed bilateral relations between Iran and Saudi Arabia and the latest developments in...Israel hits targets near Damascus with air strikes
According to the Syrian Observatory for Human Rights, a Britain-based war monitor, the strikes had targeted "Hizbollah sites" in the Sayeda Zeinab district and near Damascus airport. Strong explosions were reported in the suburbs of Damascus, which have been previously targeted by strikes that Syrian authorities have blamed on Israel.Iran says reviving nuclear deal ‘useless’
Tehran, Iran - Iran said on Saturday that attempting to revive its landmark nuclear deal with world powers that was effectively scrapped by former US president Donald Trump was increasingly "useless"."Today, the more we advance, the more the JCPOA becomes useless," Foreign Minister Hossein Amir-Abdollahian said in a speech to students...Mahsa Amini’s family blocked from leaving Iran for EU rights prize
PARIS, FRANCE - The family of Mahsa Amini, the Iranian Kurdish woman who died in custody, have been banned from traveling to France to collect a top rights prize awarded posthumously, their lawyer said on Saturday.Amini died aged 22 on September 16, 2022, while being held by Iran's religious police for...Iran warns of ‘explosion’ after US veto on Gaza war
Tehran, Iran - Iran warned Saturday of the threat of an "uncontrollable explosion" of the situation in the Middle East, after the United States vetoed a UN Security Council resolution calling for a ceasefire in the Gaza war.Hossein Amir-Abdollahian, the top diplomat of the Islamic republic, also appealed for the immediate...Iran foreign minister, Hamas chief discuss Gaza developments
Tehran, Iran - Iranian Foreign Minister Hossein Amir-Abdollahian held a phone conversation with Hamas chief Ismail Haniyeh on Friday night to discuss the latest developments in the Gaza Strip.During the call, Amir-Abdollahian praised the invocation of Article 99 of the UN Charter by the United Nations Secretary-General Antonio Guterres' as a...Iran, Oman call for using national currencies in mutual trade
Tehran, Iran – Iran and Oman have signed two memoranda of understanding to boost bilateral cooperation and using their national currencies in mutual trade instead of the dollar, mehrnews reported on Thursday.The MoUs were signed between Iran’s Minister of Industry, Mines and Trade Abbas Aliabadi, and Oman’s Minister of Commerce,...Iran-Russia trade surges 18 percent to US$1.7 billion in 2023
Tehran, Iran--Trade between Iran and Russia has climbed 18 percent to US$1.7 billion in the first eight months of 2023.This was stated by the chairman of the Iranian Customs Administration Mohammad Rezvani, noting that the Iran Iran-Russia trade recorded $1.7 billion in the first eight months of this year of...UNESCO places Ramadan’s ‘iftar’ in intangible cultural heritage
Tehran, Iran - The UN cultural agency on Wednesday recognized iftar, the meal that breaks the daytime fast during the Muslim holy month of Ramadan, on its list of intangible cultural heritage.The application for the sociocultural tradition was jointly submitted by Iran, Turkey, Azerbaijan and Uzbekistan to the UN Educational, Scientific...Brazil to become OPEC+ member in 2024, says group
Vienna, Austria - Major producer Brazil will join OPEC+ from next year, the oil cartel announced on Thursday.Brazil is among the world's top 10 producers and has been the largest oil producer in Latin America since 2016.Its crude production hit a record 3.7 million barrels per day in September, a near...Iran’s exports to African countries register 185 percent growth
Tehran, Iran--Iran’s export to African countries in the first seven months of the current Iranian calendar year registered a 185 percent hike compared to the same period in 2020, an official said.Iran’s direct and indirect exports to the African continent in the administration of President Ebrahim Raeisi have significantly increased...Diamond industry adopts tracking as Russia sanctions loom
Antwerp, Belgium - As European capitals prepare to implement long-awaited sanctions on Russia's diamond exports, Belgian traders are bracing for new scrutiny of their industry.In Antwerp's renowned diamond district -- which handles an estimated 86 percent of the world's rough diamonds -- polishing "labs" are turning to blockchain technology to prove...US says Iran hit Israeli cargo ship in Indian Ocean
An Israeli-owned cargo ship was damaged in a suspected drone attack by Iran's Islamic Revolutionary Guard Corps in the Indian Ocean, a US defense official said. "We are aware of reports that there was a suspected IRGC-initiated Shahed-136 UAV (that) struck a civilian motor vessel in the Indian Ocean," the...Hamas leader Ismail Haniyeh terms Gaza ceasefire ‘political victory’
Dubai, UAE--Senior Hamas leader Ismail Haniyeh has called the ceasefire in the Gaza Strip a political victory at a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Doha."The ceasefire is a political victory achieved as a result of the success of the resistance forces on the ground. Our enemy killed...Iran foreign minister meets Hizbollah leader in Lebanon
Beirut, Lebanon - Iran's Foreign Minister Hossein Amir-Abdollahian has met with Hassan Nasrallah, the leader of Hizbollah, which has traded cross-border fire with Israel since the start of the Gaza war, the Lebanese movement said on Thursday.Since the Israel-Hamas war began on October 7, the border between Lebanon and Israel has...Qatar burnishes role as specialist hostage negotiator with Israel-Hamas deal
Paris, France -- The emirate of Qatar has further boosted its status as a specialist power in resolving delicate hostage situations by using its influence to help secure the release of hostages by Palestinian militant group Hamas.Analysts say Qatar has honed a careful balancing act, allowing it to marry warm relations...Iran and Russia to speed up railway project along Caspian Sea
Tehran, Iran--Iran will begin construction work on joint railway projects with Russia as part of the International North-South Transport Corridor (INSTC)."The preliminary steps and obtaining the necessary permits for the construction of the Rasht-Astara railway have been carried out by the Iranian side, and we hope that with the cooperation...Iran rejects Israel accusations over ship seized by Yemen rebels
The Iran-backed rebels in Yemen seized the Galaxy Leader on Sunday, days after they threatened to target Israeli vessels in the waterway over Israel's war with Hamas in the Gaza Strip. The office of Israeli Prime Minister Benjamin Netanyahu said the ship "was hijacked with Iran guidance by the Yemenite...Top Iran and Russia diplomats hold talks, voice concern at ‘confrontation’ in Gaza
Moscow, Russia-- Iran and Russia have held talks over the ongoing Israel's war on the Gaza Strip, expressing "concern over the continuing armed confrontation" there.The deliberations were conducted in talks over telephone between the Russian and Iranian foreign ministers, Sergey Lavrov and Hossein Amir-Abdollahian, the Russian foreign ministry said on...Israel has suffered defeat in its war against Hamas: Khamenei
Speaking at an Islamic Revolutionary Guard Corps aerospace force centre in the capital Tehran, Khamenei said "the defeat of the Zionist regime in Gaza is a fact." Israel has relentlessly been pounding the Gaza Strip since Hamas's attack, killing more than 12,300 people in the narrow Palestinian territory, including more...Turkey FM warns of escalation in nuclear arms race
Tehran, Iran-- Expressing deep concern over Israel's possession of nuclear weapons, Turkish Foreign Minister Hakan Fidan has warned of a spurt in the nuclear arms race, leading to an unfavorable situation."The ongoing possession of nuclear weapons by Israel, coupled with the failure to denuclearize the region, will escalate the nuclear...Iran and Russia diplomats hold discussions on BRICS
Tehran, Iran--Senior Iranian and Russian diplomats held talks in Tehran to discuss the BRICS group and its fields of activities in the spheres of trade, finance and economy.Mahdi Safari, Iran's Deputy Foreign Minister for Economic Diplomacy hosted the Deputy Minister of Foreign Affairs of the Russian Federation and the country's special envoy for BRICS affairs Sergey...Iran urges UN to deliver aid quickly in desperate Gaza
"The amount of humanitarian aid sent to Gaza is very small and almost zero, and it is necessary for the United Nations to take immediate and serious action in this regard," Amir-Abdollahian said in a meeting in Geneva with UN humanitarian chief Martin Griffiths.US renews waiver allowing Iraq to buy Iranian gas
Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for past gas imports amount to some $10 billion, according to the senior official.Iran to link up electricity grid with Russia via Azerbaijan
Tehran, Iran-- Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its power shortfall.The Islamic republic's minister of energy said the electricity grids of Iran and Russia would be connected, adding that feasibility studies for the connection via the Republic of Azerbaijan’s...US strikes Iran-linked locations in eastern Syria
US Defense Secretary Lloyd Austin said that his country's forces carried out precision strikes on facilities in Syria used by Iran's IRGC and Iran-affiliated groups in response to continued attacks on US troops in Iraq and Syria. It is the third time in three weeks that the US targeted locations...Iran says expansion of Israel-Hamas war has become ‘inevitable’
President Ebrahim Raisi has said Iran sees it as "its duty to support the resistance groups" but insisted that they act independently.US won’t hesitate to defend its troops in Middle East: Pentagon
Washington, United States - Over the last three weeks, Iran-backed militia groups have attacked US bases and facilities in Iraq and Syria 41 times. The US has defended itself against those attacks and will continue to do so, the deputy assistant secretary of defense for the Middle East said.Following the...Arab and Iranian leaders likely to attend Saudi’s dual event on Gaza
The emergency meetings of the Arab League and the Organization of Islamic Cooperation come after over one month of Israeli bombardment has killed more than 10,000 people in Gaza, many of them children, according to the Hamas-run health ministry. With Israel's leaders rebuffing talk of a ceasefire until the captives...Putin, Erdogan and Raisi make visits in Central Asia
Tashkent will host the Iranian and Turkish presidents, as well as Pakistani Prime Minister Anwaar-ul-Haq Kakar and Central Asian leaders. The war between Israel and Hamas is not on the agenda, Uzbekistan said.Iran president to travel to Saudi Arabia for Gaza summit
The upcoming summit is being organised by the Organisation of Islamic Cooperation (OIC), a 57-member bloc of majority Muslim countries. It will be Raisi's first visit to the kingdom since the two countries agreed to restore diplomatic relations after seven years of estrangement, a deal brokered by China in March.US encouraging Israel to kill and carry out cruel acts against Palestinians: Raisi
Tehran, Iran--Iranian President Ebrahim Raisi on Monday accused the United States of "encouraging" Israel to kill and carry out "cruel acts" against Palestinians in the Gaza Strip.Gunmen from the Palestinian Islamist group Hamas stormed across Gaza's border with Israel on October 7, killing about 1,400 people, mostly civilians, and taking...Public defies world leaders, rallies to back Palestinians
Global outcry mounts as thousands protest in the US, UK, France, and Germany, defying their governments' support for Israeli aggression and demanding ceasefire in Gaza.Iran ramps up oil production to 3.4m bpd, up from 2.9m bpd
Tehran, Iran-- Iran has ramped up its oil production to 3.4 million barrels per day (bpd), up from about 2.9 bpd.This was stated by Iranian Oil Minister, Javad Owji, according to whom it is part of the government strategy to boost production. The minister made the remarks on the sidelines of...Middle East conflict alters regional energy dynamics
Chevron's Tamar gas field halt, rising global oil prices, and jeopardized gas supplies to Egypt and Jordan underscore the impact of geopolitics on energy security.



















































